St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-26
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat
Was Active and Notioeably
Stronger.
There Appeared to be More General Buying
by 0 utsiders Than by the Bull
Clique.
Prices Affected Somewhat by the De-
cfded Decrease in the Visible
supply.
Transactions in the Financial Circles
of Wall SUPERINTENDENT Quo
tationS.


tationS.
CHICAGO, April 25.-On change to-day
matters were interesting. May wheat opened
1t S54c and closed at S47sc; not great de-
cline but indicative of the influence OF the
corner. If clique brokers had not renewed
The tension, it is no easy task to tell where
Nay wheat would have gone to. At S574c
Kershaw sold literally, and sold until the
market was down to S41s. Dwight y Gillette
,ad a swing order for somebody in May, and
ihe crowd took this. The crowd wanted II
Ill. The talk on the visible grew more bull
sh, after it was known that New York stocks
aad decreased over 10000 bushels. The ON
cal figures, putting the decrease In Wheat NJ
1885, 900 bushels, gave a little impetus to the
market. and sent June to sac. There was
lust little reaction after this. but 1t did not
amount to anything. The news that the
clique was making its arrangements with the
banks for not only the mouth of May but Tor
June and July, gave the crowd courage.
There is not any longer in the minds OF any
body doubt that the clique will
TAKE THE CASH WHEAT.
This, however, is about the only thing that
is universally admitted. There is even the
widest sort of division over whether May,
June or July is to see the elimination of the
IQdnlpul8UlOI. 1uG cllQue lTuuSCS tuSuuSCif CD
land this is one of the queerest features to
the deal) are apparently as much III the dark
over this point as anybody else. This is ex-
plicable because RoSenfeld s. Co., for in
stance, have had no orders except in May.
Some other OF the clique houses have had
orders apparently to change over all their
May either to June or July. Part of the gos-
sip going about to-day was hat one OF the
cliQueS-Some people believe there are two
made proposition to the stronger and big
ger of the two to combine. The proposition,
the story ran. was rejected on the ground
that it was too late for combinations, put II
the wheat was for sale, the bigger clique
added, it could be sold out in the pit and
would be bought there. 1t is known be-
You'd doubt that certain of the clique
houses are making arrangements with pres
ent wheat carriers, as was described in this
column Saturday. Kershaw s. Co. are bor-
rowing direct, Eggleston, the special partner,
making the arrangements with the banks
Corn was fairly steady to-day. but the opera
tons in il were small. May sticks under see,
even when wheat is the strongest. The peo-
pie who are given to talking IDEALS are de-
claring it their belief that the clique must
take hold of corn to help out the wheat.
With the latter near soc, and corn near 40c,
ii would not be such dead sure thing to buy
vast quantities of corn just to avoid buying
wheat. The lstter is about as near reasona-
BILE shipping basis as the cheaper grain, and
certainly is in sharper demand from the mar
ketS east of here. -r .,af
THE ROUTINE REPORT.
CHICAGO, April 25.-The wheat market was
active and stronger to-day. There appeared
to be more general buying by outsiders, the
''bull clique" apparently not aiding the adj
vance, and at times throwing considerable
wheat on the market, despite which the mar
ket remained moderately active throughout.
A very fair shade of the strength came from
the visible decrease, which was officially an
nounced as ], 1886, 600 bushels of wheat and
$4,000 bushels of corn. Three more elevators
have been declared regular which eases
up the situation little, giving room for
nearly 100000 bushels more of wheat. They
are at present partly filed. The May wheat
option opened at S41@c, an advance of &c
over Saturday, rose quickly TO S514c, fell off
to S434c. and held steady at about that figure
during the remainder of the day, closing on
the afternoon board at S45sc. The ex-
port clearingS were light, aggregating
$4,000 bushels for three Atlantic ports. The
receipts $4,000 bushels at twelve points.
The corn market was firm, owing to the de-
crease in the visible supply and frmness
shown in wheat. Receipts were little
larger and the estimated arrivals for to-mor-
row were moderate. Oats dull were but steady,
prices showing little change. Mess pork was
unchanged, Lard was only lightly traded in
and values showed scarcely any change dur
ing the day. Short ribs closed at Saturday S
figures. The visible supply of grain on April
%, as compiled by the secretary of the Chi.
cago board of trade, is as follows: Wheat,
4S,61S, 900 blu, decrease 1885, 000 corn 19, Pr,
600 bu, decrease SIS, 600 blu; oats 4,4S5,000 blu,
increase 210,O blu; rye 356, 900 bu, increase
$4,000 bu; barley 558, 900 blu, decrease 1885,
600 bu.I
THE oUoTATIo Ms.
The leading futures ranged as follows:
Wheat-No. 2. April, opened at $500. clos.
ing at S41sc; May. S4c7a, closing at S47ac
June, S315c closing at S41sc: July, S27ac
closing at s314c. Corn-No. 2, April, 3Sc
closing at $500: May, 3S5sc, closing at 3s7sc;
June, 4OAc, closing at 1920: July, 414e
closing at 2754c; May, 2S1sc, closing al
2S14c; June, 291sc, closing at 2914c; July
2914c. closing at 1890. Mess pork, pei
barrel-April, $1,000, closing at S20.5C; May.
$2075, closing at $20.75; June, S20.75, closing
at S20.15. Lard, per 100 pounds-April, 81. 10
$40; June, S7.20, closing at $3.50; July
S7.2T1a, closing at $7.25. Short ribs, per 10(
pounds-April, $T.7T1a, closing at $3.50; May
S1.1I1a, closing at $3.50; June. $7.s5, clos
ing at $3.50; July, SIS, closing at S.
Cash quotations were as follows: Flour. quie,
S41ac; No. spring, 750TT1ac: No. 2 red, S354c
Corn-No. 2. $3.50. Oats-No. 2, 2734. Rye
No. 2, SIC. Barley-No. 2. sac. Flax Seed
No. l, S1.05h. Timothy Seed-Prime, 81. 60
Mess pork. per Dbl, S20.5U. Lard, per 100 lbs,
S7.1O. Short ribs sides, loose, $3.50; dry
sailed shoulders, boxed, $6@6.1O; short clear
sides, boxed, SS.10@S15. Whisky, distillers
finished goods. per gal, $l.1s. Sugars, cut
loaf, 674@65sc; graduated, &c; Standard
a. 55sc. Receipts-Flour, $4,000 bbls;
wheat, $4,000 bu; corn, 10000 bu: oats
$4,000 blu; rye, 1,00t blu; barley, $4,000 bu
Shipments-Flour, 5000 bbls; wheat, 5000
bu: corn, 11,0OO blu: oats, $4,000 blu: rye
1000 bu; barley, 1000 bu. On the produce
exchange to-day the butter market was slow
creamery, 16@23c per IL; dairy, 1T@2Oc